Amendment status not verified — confirm the current text below against the official source.
The Fund may be utilized for all or any of the following purposes, namely:- (a) for the payment of pension to the members other than those who are continuing abroad or in other States of India and deemed members, who had completed sixty years of age and had remitted contribution for a period of not less than five years; (b) for the payment of family pension on the death of a member or a deemed member who had remitted contribution for a period of not less than five years; Explanation.—For computing the period of five years under this section, the contributions given by the person as a member and as a deemed member shall be counted. (c) for the refund of the amount of contribution remitted by the members who had become unable to work for more than two years due to permanent physical disability or due to death; (d) for the payment of financial assistance on the death of a member due to illness or accident; (e) for the payment of financial assistance for the medical treatment of the members affected with major illness, as may be prescribed; (f) for the payment of financial assistance for the marriage of the women members and daughters of the members and for maternity benefit to women members; (g) for giving financial assistance or loans or advances to the members for the construction of dwelling house or for the purchase of land or for the purchase of land and building or for the maintenance of house or for the education facilities to the children of the members; (h) for the payment of self-employment assistance or loans to seek self-employment to the deemed members; (i) for the payment of financial assistance to a member who suffers permanent physical disability, which incapacitated him to attend any work for his livelihood; (j) for investment in any company or firm or co-operative society or in any other society or institution constituted under the provisions of this Act; and (k) for such other purposes specified in the Scheme.